| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322.0K | $285.0K | $513.0K | 13.0% | -37.2% |
| Op. Income | -$6M | -$7M | -$8M | 9.0% | 25.7% |
| Gross Margin | 100.0% | 100.0% | 1.6% | 0.0pp | 98.4pp |
| Net Margin | -1916.8% | -4161.1% | -1620.5% | 2244.3pp | -296.3pp |
| EPS (Diluted) | $-6.97 | $-13.43 | $-44.88 | 48.1% | 84.5% |
| Free Cash Flow | -$4M | -$6M | -$5M | 27.2% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $322.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $322.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$6M |
| Interest Income | $160.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $13.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $383.0K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $383.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$246.0K |
| Change in Working Capital | $803.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$288.0K |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $408.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $240.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $12M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $712.0K |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $239.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $487.0K |
| TOTAL NON-CURRENT LIABILITIES | $726.0K |
| TOTAL LIABILITIES | $18M |
| Common Stock | $0 |
| Additional Paid-In Capital | $408M |
| Retained Earnings | -$414M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $5M |
| Net Debt | $1M |
